Amulya Jeevan 1

Protect your loved ones from any unexpected surprises in life, any time with Life Insurance Corporation of India’s Amulya Jeevan 1. It is a term insurance plan with minimum Sum Assured of Rs.25 lakhs.Home loans, EMIs and other such liabilities are a regular feature in all of our lives. Yet none of us want the burden of these payments to fall on our loved ones.This plan acts as important shelter, guaranteeing you complete peace of mind at a very low cost.

Benefits

On Maturity:

On Maturity no amount will be paid to the Policyholder.

On Death:

On death of the Policyholder during policy term, S.A. will be paid to the nominee, provided the policy is kept in force.

Income tax rebate:The premium paid towards Amulya Jeevan 1 is eligible for tax deduction under section 80C of the Income Tax Act,1961.

Minimum Age at entry: 18 years (completed)Maximum Age at entry: 60 years (nearest birthday)Maximum Age at maturity: 70 years (nearest birthday)Policy Term: 5 years to 35 yearsMinimum Sum Assured: Rs.25,00,000/-Maximum Sum Assured: No Upper Limit
(Policies will be issued in multiples of Rs.1,00,000/- for Sum Assured more than the minimum Sum Assured)Loan: Not availableSurrender Value: Nil

Mode of Premium :
Premium can be paid either in Yearly, Half-yearly & Single Premium.

Example: Mr. LIC takes a policy for 25 years for Rs.50 lakhs.(a) On survival till maturity, Mr. LIC will not receive any amount.(b) On death of Mr. LIC during policy term, his nominee will get Rs.50 lakh S.A.